Blackstone Group

Blackstone Group

The Blackstone Group L.P. is an American-based alternative asset management and financial services company that specializes in private equity, real estate, and credit and marketable alternative investment strategies, as well as financial advisory services, such as mergers and acquisitions (M&A), restructurings and reorganizations, and private placements.

Blackstone's private equity business has been one of the largest investors in leveraged buyout transactions over the last decade, while its real estate business has actively acquired commercial real estate. Since its inception, Blackstone has completed investments in such notable companies as Hilton Worldwide, Equity Office Properties, Republic Services, AlliedBarton, United Biscuits, Freescale Semiconductor and Travelport.

Blackstone was founded in 1985 as a mergers and acquisitions boutique by Peter G. Peterson and Stephen A. Schwarzman, who had previously worked together at Lehman Brothers, Kuhn, Loeb Inc. Over the course of two decades, Blackstone has evolved into one of the world's largest private equity investment firms. In 2007, Blackstone completed a $4 billion initial public offering to become one of the first major private equity firms to list shares in its management company on a public exchange. Blackstone is headquartered at 345 Park Avenue in New York City, with eight additional offices in the United States and offices in London, Paris, Düsseldorf, Sydney, Tokyo, Hong Kong, Beijing, Shanghai, Mumbai and Dubai.

Read more about Blackstone Group:  Business Segments, History, Further Reading

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... On August 13, 2010, the Blackstone Group announced plans to purchase Dynegy for US$4.7 billion ... Dynegy investor Carl Icahn also promised a proxy battle, arguing that Blackstone Group's offer was too low ... Blackstone Group initially said it would not offer more than US$4.50 per share, but then revised its offer later that day to US$5.00 a share ...
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... The Carlyle Group, Welsh, Carson, Anderson Stowe, along with other private investors, led a $7.5 billion buyout of QwestDex ... Capital), Jefferson Smurfit (by Madison Dearborn), Houghton Mifflin (by Bain Capital, the Blackstone Group and Thomas H ... Lee Partners) and TRW Automotive by the Blackstone Group ...

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